Impetus for Growth

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Synopsis

The Financial, Energy and Food sectors in South Korea are dynamic engines of growth that hold huge potential for foreign investors. The country is implementing economic policies and projects to develop the country into a Northeast Asian business hub country. This economic model shifts the economic goals and focus of a country away from the manufacturing sector to the financial sector, with the primary goal of becoming a player in the global capital markets.South Korea is also a major energy consumer, and is completely reliant on imports to meet its oil, natural gas and coal demand. As for the agriculture and food sectors, they are being encouraged to evolve into an efficient, modern enterprise that provides a positive economic contribution to society in line with other sectors of the economy.This handbook gives brief snapshots of each sector that will enable you to understand the ground reality in the country. The information is not new, and the same can be got from numerous studies, as also the reference list at the end of each section. However, if you are pressed for time, but at the same time, want to get a wind of the sectors, this is the ideal choice for you.Also included are three exclusive interviews with the Minister of Strategy & Finance, Governor of Financial Supervisory Service and Chairman of Fair Trade Commission, which I was granted as Chief Editor of Infomag, the flagship publication of the European Union Chamber of Commerce in Korea. They have already been published earlier in Infomag, and are reprinted here.The book takes off with the interview with Mr. Bahk Jae-wan, Minister of Strategy and Finance. This is followed by the second section on the Financial sector which gives an overview of policies and industry in South Korea, we also have an exclusive interview with Mr. Kwon Hyouk-se, Governor, Financial Supervisory Service. The third section gives you an overview of the Energy policies and industry, which is followed by the Agriculture & Food Sector. The last section concludes with an exclusive interview with Mr. Kim Dong-soo, Chairman, Korea Fair Trade Commission.